Are you an organized and detail-oriented individual with a passion for retail and supply chain management? Do you thrive in a fast-paced environment and have a knack for problem-solving? If so, we have the perfect opportunity for you! Lowe's is currently seeking an experienced Inventory Planner to join our team and help us effectively manage our inventory levels. In this role, you will play a crucial role in ensuring that our stores are stocked with the right products at the right time, while also maximizing profitability. If you have a strong understanding of inventory management principles and the ability to analyze data to make informed decisions, we want to hear from you! Keep reading to learn more about this exciting opportunity and see if you have what it takes to be a part of our team.
Responsibilities:
- Develop and implement inventory management strategies to ensure adequate stock levels and minimize excess inventory.
- Monitor and analyze inventory levels to identify potential issues and make recommendations for improvement.
- Collaborate with vendors and suppliers to maintain accurate and timely delivery of products.
- Utilize data and analytics to forecast demand and make informed decisions regarding inventory levels.
- Conduct regular inventory audits and reconcile discrepancies.
- Maintain accurate inventory records and ensure data integrity in inventory management systems.
- Work closely with cross-functional teams, including merchandising, logistics, and finance, to ensure inventory levels align with business goals and objectives.
- Identify and troubleshoot inventory-related issues and develop solutions to improve efficiency and effectiveness.
- Develop and maintain relationships with key stakeholders, including suppliers, to negotiate favorable terms and pricing.
- Stay up-to-date with industry trends and technology advancements in inventory management to continuously improve processes and procedures.
- Train and mentor team members on inventory management best practices and procedures.
- Monitor and analyze inventory metrics and provide regular reports to management.
- Identify and implement cost-saving opportunities while maintaining product quality and availability.
- Ensure compliance with company policies and procedures related to inventory management.
- Proactively identify potential inventory risks and develop contingency plans to mitigate them.
Strong Knowledge Of Inventory Management Principles And Techniques: An Inventory Planner At Lowe's Should Possess A Deep Understanding Of Inventory Management, Including Inventory Forecasting, Replenishment Strategies, And Inventory Optimization Techniques.
Experience With Inventory Planning And Analysis Software: Lowe's Uses Advanced Inventory Planning And Analysis Software To Manage Their Inventory. A Qualified Inventory Planner Should Have Experience Using Similar Software And Be Able To Quickly Adapt To Lowe's Systems.
Excellent Analytical And Problem-Solving Skills: An Inventory Planner At Lowe's Should Be Able To Analyze Large Amounts Of Data To Identify Trends And Patterns, And Use This Information To Make Data-Driven Decisions. Strong Problem-Solving Skills Are Also Crucial In Identifying And Resolving Inventory-Related Issues.
Ability To Work In A Fast-Paced Environment: Lowe's Is A Large Retail Organization With A High Volume Of Inventory. An Inventory Planner Should Be Comfortable Working In A Fast-Paced And Dynamic Environment, Where Priorities Can Shift Quickly.
Strong Communication And Collaboration Skills: As An Inventory Planner, You Will Need To Work Closely With Various Teams, Including Purchasing, Merchandising, And Logistics, To Effectively Manage Inventory Levels. Strong Communication And Collaboration Skills Are Essential To Ensure Smooth Coordination And Alignment Across Departments.
Inventory Management
Procurement
Vendor Management
Data Analysis
Communication
Time Management
Product knowledge
Forecasting
Supply Chain
Demand planning
Problem-Solving
replenishment
Communication
Conflict Resolution
Leadership
Time management
creativity
Critical thinking
Teamwork
Active Listening
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Inventory Planner in Richmond, VA, USA is $48,000-$68,000 per year. This can vary depending on factors such as experience, education, and specific industry. Some companies may also offer additional benefits such as bonuses, healthcare, and retirement plans.
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Lowe's Companies, Inc., doing business as Lowe's, is an American retail company specializing in home improvement.
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